Fox Run Management L.L.C. Makes New $551,000 Investment in Telefonica Brasil S.A. $VIV

Key Points

• Fox Run Management L.L.C. acquired a new stake of 63,235 shares in Telefonica Brasil S.A., valued at approximately $551,000, during the first quarter.
• Telefonica Brasil's stock has seen recent support from institutional investors, with notable increases in holdings by LPL Financial LLC, JPMorgan Chase & Co., and Wells Fargo & Company.
• The company's latest quarterly earnings report indicated EPS of $0.15, missing the analyst consensus estimate, with total revenue reported at $2.62 billion.

Fox Run Management L.L.C. bought a new position in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,235 shares of the Wireless communications provider's stock, valued at approximately $551,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its stake in Telefonica Brasil by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock worth $136,151,000 after purchasing an additional 420,973 shares during the last quarter. Invesco Ltd. lifted its stake in Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock worth $12,605,000 after purchasing an additional 385,848 shares during the last quarter. Barclays PLC lifted its stake in Telefonica Brasil by 2.6% during the fourth quarter. Barclays PLC now owns 1,275,565 shares of the Wireless communications provider's stock worth $9,630,000 after purchasing an additional 31,820 shares during the last quarter. First Trust Advisors LP lifted its stake in Telefonica Brasil by 2.9% during the fourth quarter. First Trust Advisors LP now owns 688,793 shares of the Wireless communications provider's stock worth $5,200,000 after purchasing an additional 19,411 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Telefonica Brasil by 151.9% during the fourth quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider's stock worth $5,185,000 after purchasing an additional 414,193 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VIV has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research note on Tuesday. Scotiabank increased their price target on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Wall Street Zen cut Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Barclays reiterated an "overweight" rating and issued a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.70.

Telefonica Brasil Trading Up 0.4%

NYSE:VIV traded up $0.0450 during trading hours on Thursday, hitting $12.4350. 671,560 shares of the company were exchanged, compared to its average volume of 1,319,926. The stock has a market capitalization of $20.23 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. Telefonica Brasil S.A. has a one year low of $7.47 and a one year high of $12.52. The company has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $13.23.

Telefonica Brasil (NYSE:VIV - Get Free Report) last announced its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. Sell-side analysts expect that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

About Telefonica Brasil

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.